Markets

A few oils moving above range…get scanning. A few steel names really strong. SLX big base…close to moving out. SCHN great reaction to the number. Another bullcrap mover…NETE…announce blah blah block chain…stock is $18…up $13….this is going to end bad. GBTC down another $600 today…to $2400…down $1100 in 2 days. Enjoy! SEMIS another good day…

Futures up nicely as the tax deal gets done. Yesterday’s bear market is over. (not sarcasm) MU gapping up helping the SEMIS which just put in a near-term bottom. FDX gapping up, guides up and says tax bill will help. More cryptocurrency nuthouse action.  

SOURCE: https://www.wsj.com/articles/bitcoin-made-this-man-briefly-one-of-the-richest-people-in-america-1513197557

SOURCE: https://www.bloomberg.com/news/articles/2017-12-19/sec-halts-crypto-over-manipulation-concerns-after-2-700-jump

From yesterday’s report: “Longfin Corp (LFIN) just came public last week at $5. Nobody cared. And then the company announced: it would be buying Ziddu.com, which is a blockchain-empowered solutions provider that offers a variety of sources, including Microfinance Lending against Collateralized Warehouse Receipts in the shape of Ziddu coins. The stock was up $16.62 on friday…

Futures up strong and: Remember our report from yesterday/ LONGFIN (LFIN) is up $15 to $37 in the premarket…not a typo. Pre holiday week…markets remain strong and now, the weak SEMIS may be turning up. Foreign markets strong overnight. Earnings this week: CCL, DRI, FDX, MU, RHT, SFIX Tuesday. The rest of the week, not…

Back in 99, internet stocks were humming. I remember it well. Companies would come public and be up 5-fold the first day. Companies would add .com to their name and see their stock soar. Companies would change their name to make them internet-based and watched their stocks soar. Mutual funds changed their names to show…